Eimskip: Transaction in relation to a share buy-back program
In week 50 2023 Eimskip purchased 165,000 of its own shares, at a purchase price of ISK 73,722,000 as further stipulated below:
| Date | Time | No. of shares | Share price | Purchase price |
| 11.12.2023 | 15.33 | 33,000 | 445.00 | 14,685,000 |
| 12.12.2023 | 10:00 | 33,000 | 439.00 | 14,487,000 |
| 13.12.2023 | 9:36 | 33,000 | 442.50 | 14,602,500 |
| 14.12.2023 | 10:07 | 33,000 | 455.00 | 15,015,000 |
| 15.12.2023 | 10:39 | 33,000 | 452.50 | 14,932,500 |
| Total | 165,000 | 73,722,000 | ||
The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 10 October 2023.
Eimskip held 3,111,320 shares prior to the notified transactions, and holds 3,276,320 after them, or the equivalent of 1.95% of issued shares in the company.
Under current buy-back program Eimskip has purchased a total of 1,551,000 shares in the company, corresponding to 72.14 % of the maximum amount of shares to be purchased under this program. Total purchase price is ISK 710,638,500 corresponding to 71.06 % of the maximum ISK amount of the buy-back program.
Buy-back under the program will amount to a maximum of 2,150,000 shares and the market value amount will not exceed ISK 1,000,000,000. The buy-back program is in effect for 18 months post the Annual General Meeting held 9 March 2023, unless the conditions for maximum purchase are met before that time.
The execution of the buy-back program is according to Act on Public Limited Companies, No. 2/1995. In addition, the buy-back program must be implemented as provided for in the Regulation of the European Parliament and of the Council no. 596/2014, on market abuse, as well as the Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures, which supplements that Regulation.
For further information please contact
Guðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, tel: , email:
